In his blog, IIA President and CEO Richard Chambers, CIA, QIAL, CGAP, CCSA, CRMA, shares his personal reflections and insights on the internal audit profession. Here's an excerpt from his latest post:

Loyal readers of “Chambers on the Profession” know that the first blog post of the year traditionally offers five New Year’s resolutions for internal auditors. This year’s list leverages heavily what we learned in 2019 to better position internal audit and our organizations to succeed.

The IIA published two landmark reports in 2019 that offered new and unique insights about risk management and sound organizational governance — and the role internal audit should play in supporting both. OnRisk 2020: A Guide to Understanding, Aligning, and Optimizing Risk presented a singular look at how the board, executive management, and internal audit align on managing key risks. The American Corporate Governance Index (ACGI) provided a governance report card on publicly traded U.S. companies. While The IIA prepared both reports primarily for its members in America, I am confident that the themes that emerged have global applicability.

These reports offer a wealth of data that supports audit planning and effective risk management. They also helped shape my thoughts about resolutions for the New Year. Therefore, without further ado, here are five internal audit resolutions for 2020 and beyond.